Consolidated Lithium Metals Announces Closing Of Life Offering

Core Viewpoint - Consolidated Lithium Metals Inc. has successfully closed a non-brokered private placement, raising approximately $3.44 million through the issuance of 57,361,667 units at a price of $0.06 per unit [1][5]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.10 per share from January 14, 2026, until November 14, 2028 [2]. - The offering was conducted under the "Listed Issuer Financing Exemption," meaning the units are not subject to a hold period under Canadian securities laws [3]. - Finder fees of $250,000 were paid to Integrity Capital Group, along with the issuance of 4,000,000 finder warrants, also exercisable at $0.10 per share until November 14, 2028 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to advancing exploration activities for the company's lithium properties in Québec, as well as for working capital and general corporate purposes [5]. Group 3: Insider Participation - Certain insiders subscribed for approximately $150,000 worth of units, which is classified as a related party transaction. The company relied on exemptions from formal valuation and minority approval requirements [6]. Group 4: Company Overview - Consolidated Lithium Metals is a Canadian junior mining exploration company focused on critical mineral projects, trading on the TSX Venture Exchange and Frankfurt Stock Exchange [8]. - The company aims to support the energy transition through responsible development of critical mineral supply chains [8].